Evaluate the Expression $\left( \frac { 2 } { 3 } \right) ^ { - 3 }$

question 32

Multiple Choice

Evaluate the expression. $\left( \frac { 2 } { 3 } \right) ^ { - 3 }$

• A) \(- \frac { 8 } { 27 }\)
• B) \(- \frac { 27 } { 8 }\)
• C) \(\frac { 1 } { 8 }\)
• D) \(\frac { 27 } { 8 }\)
• E) \(\frac { 8 } { 27 }\)

Analyze the impact of changes in prices and income on consumer choices and welfare.

Comprehend the theory of indifference curves, budget constraints, and optimization in consumption choices.

Evaluate the effects of government policies on consumer choices and welfare.

Learn how perfect substitutes and complements affect consumer equilibrium.

---

Definitions:

Efferent Fibres

Nerve fibers that carry impulses away from the central nervous system to effectors (such as muscles or glands), enabling actions and responses to sensory input.

Motor Fibres

Nerve fibers that transmit impulses from the brain or spinal cord to muscles or glands, thereby initiating movement or action.

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, responsible for connecting the central nervous system to limbs and organs.

Somatic Nervous System

A part of the peripheral nervous system responsible for voluntary control of body movements through control of skeletal muscles.